Overview

With so much going on in the Accounting, Compilations and Review, and Auditing arena lately, it’s easy to have missed some of the more important issues and challenges facing the profession today and into the near future. This course, designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, will provide you with a year in review look at some of the more important issues and challenges facing CPAs. We will identify and discuss specific areas within the profession that are likely to affect you and your clients, thereby keeping you “in the know” on these critical topics. Examples and illustrations provide hands-on application to further enhance your understanding of the matters presented.

Major Topics

New U.S. Accounting Principles

Revenue Recognition

Leases

Recent FASB updates related to financial instruments

The United States Securities and Exchange Commission (SEC) Hot Topics

COSO’s Updated Enterprise Risk Management Framework

Current technology trends relevant to CPAs

Auditing and Accounting Services Matters on the Radar

Learning Objectives

Identify current accounting and auditing "hot topics" affecting the profession

Understand the new FASB guidance on revenue recognition, leases and recognition and measurement of financial assets and liabilities